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, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …
Persistent link: https://www.econbiz.de/10010517439
This study provides estimates of economic uncertainty and inflation uncertainty for the Greek economy and considers … their time-varying impact on the corresponding macroeconomic variables, i.e. GDP growth and inflation. The authors find that …
Persistent link: https://www.econbiz.de/10014077830
Persistent link: https://www.econbiz.de/10001957628
made in terms of several macroeconomic indicators, GDP, Unemployment, Inflation, Current Account Balances, and debt. …
Persistent link: https://www.econbiz.de/10009774315
Namibia celebrated its 20th birthday in 2010. The tertiary sector in Namibia contributes more than 50 per cent to GDP, followed by primary and secondary industries. Mining and quarrying account for about 13 per cent of GDP, compared with 6 per cent and 4 per cent for agriculture and fisheries,...
Persistent link: https://www.econbiz.de/10013038488
indebtedness, rising rate of inflation from single to double digit, unabating high rate of unemployment, slow paced but fluctuating … unique relationship exist between the country's national currency exchange rate to a US dollar, inflation rates, monetary …
Persistent link: https://www.econbiz.de/10012985719
In this study, we empirically attempt to investigate output growth forecasts as a result of dynamic interplay between money supplies and output growths of Southern African Common Monetary Area (SACMA) countries using Vector Error Correction Models (VECM). In general, the results show that the...
Persistent link: https://www.econbiz.de/10014215457
When Roosevelt abandoned the gold standard in April 1933, he converted government debt from a tax-backed claim to gold to a claim to dollars, opening the door to unbacked fiscal expansion. Roosevelt followed a state-contingent fiscal rule that ran nominal-debt-financed primary deficits until the...
Persistent link: https://www.econbiz.de/10014354637
Despite the significant academic interest in the economic cohesion, the various aspects of convergence and the ways they can be measured still remain theoretically unclear. These are issues of extreme political significance, especially for countries aspiring for EU and euro area membership. The...
Persistent link: https://www.econbiz.de/10012650896
Persistent link: https://www.econbiz.de/10013288190